Poor knowledge of CBDCs
– 83% of respondents in a Crypto.com survey believed that “greater international cooperation” is needed to legitimize CBDCs.
– Only 27% of respondents identified the lack of understanding as a barrier to CBDC adoption.
– 93% of respondents agreed that CBDCs are necessary to establish a functioning market for digital bonds and assets.
– 87% of respondents strongly agreed that consumer demand for CBDCs has increased in their country.
Where is the government educational material on CBDCs?
– There is a lack of mainstream media articles or televised debates discussing the advantages or disadvantages of implementing CBDCs on a national or international level.
– CBDCs, the most significant change in the monetary system since Bretton Woods, are being implemented in several countries with little discussion in mainstream channels.
CBDCs – a technology to cancel wealth
– Rick Rule, CEO of Rule Investment Media, expressed concern about CBDCs in a YouTube interview.
– Rule fears that CBDCs combined with artificial intelligence and social credit systems could allow governments to cancel individuals’ savings.
– He referenced the example of the Canadian government seizing bank accounts without legal recourse.
Hot Take
Given the lack of educational content from governments on the roll-out of CBDCs, it is important for citizens to conduct their own investigations into the matter. The potential risks and implications of CBDCs, such as the cancellation of wealth, should be a topic of discussion and public awareness. Citizens should stay informed and be proactive in understanding the impact of CBDCs on their own financial security and privacy.
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